Business

Nikola Motor Company Two truck Source: Nikola Motor Company Nikola shares jumped by about 5% in morning trading after the embattled electric truck start-up reconfirmed its business plans and production targets following founder and former Executive Chairman Trevor Milton’s resignation last week. The company said it “remains committed to achieving” a set of milestones previously
0 Comments
New York City is reopening indoor dining at restaurants at 25% capacity on Wednesday, but many remain concerned about safety. Covid-19 cases in New York have been rising again and the colder weather season is also expected to result in coronavirus spikes. Restaurants can manage safety concerns, according to Dr. Scott Gottlieb, former FDA Commissioner,
0 Comments
Association of Flight Attendants International President Sara Nelson joins airline executives, fellow union heads and political leaders to call on Congress to pass an extension of the Payroll Support Program to save thousands of jobs, during a news conference outside the U.S. Capitol September 22, 2020 in Washington, DC. Chip Somodevilla | Getty Images The
0 Comments
Jacqueline Dunlap places whole blood samples into a centrifuge to separate plasma for antibody testing at the Bloodworks Northwest Laboratory during the coronavirus disease (COVID-19) outbreak in Renton, Washington, September 9, 2020. Lindsey Wasson | Reuters Fewer than 1 in 10 Americans showed signs of a prior coronavirus infection as of late July, suggesting that
0 Comments
Mercedes AMG Petronas Motorsport driver Lewis Hamilton (44) of Great Britain celebrates clinching the 2019 FIA Formula 1 World Championship following the F1 – U.S. Grand Prix race at Circuit of The Americas on November 3, 2019 in Austin, Texas. Ken Murray | Icon Sportswire | Getty Images Formula One has the fan base, its
0 Comments
Supermodel, philanthropist and entrepreneur Natalia Vodianova told CNBC she feels her native country Russia has coped “incredibly well” with the Covid-19 crisis. The mother of five, whose close family and charity, the Naked Heart Foundation, is based in the country, said she feels it may currently be safer for them compared to her base in
0 Comments
U.S. President Donald Trump speaks while hosting an event commemorating the repatriation of Native American remains and artifacts from Finland in the Oval Office of the White House in Washington, September 17, 2020. Kevin Lamarque | Reuters President Donald Trump will sign a series of executive orders aimed at protecting people with preexisting conditions and
0 Comments
People walk on Stranvagen in Stockholm on September 19, 2020. JONATHAN NACKSTRAND | AFP | Getty Images Sweden’s chief epidemiologist has partly blamed the country’s high coronavirus death toll on mild flu outbreaks in recent winters. “When many people die of the flu in the winter, fewer die in heatwaves the following summer. In this
0 Comments
Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020. Adrian Dennis | AFP | Getty Images Nike‘s quarterly earnings and revenue trounced analysts’ estimates,
0 Comments
Nikola founder Trevor Milton agreed to forfeit up to roughly $166 million of equity as well as a two-year, $20 million consulting contract as part of his abrupt departure from the company he started. However, the EV executive gets to walk away with more than $3.1 billion in stock as part of a separation agreement reached over the weekend. Milton, who’s
0 Comments
Nikola announced early Monday that founder Trevor Milton is voluntarily stepping down as executive chairman. The electric truck company said the board accepted Milton’s resignation from the role and the board. Stephen Girsky, former vice chairman of General Motors and a member of Nikola’s board, has been appointed chairman of the board, effective immediately. “Nikola is
0 Comments
Bill Gates CNBC Microsoft co-founder and global health philanthropist Bill Gates criticized the current state of the United States’ response to the Covid-19 pandemic on Sunday, including slow turnaround times for tests. Gates told “Fox News Sunday” that the access to fast testing is still inadequate more than six months into the pandemic and that
0 Comments
Robert Redfield, director of the Centers for Disease Control and Prevention (CDC), speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., July 31, 2020. Erin Scott | POOL | Reuters The Centers for Disease Control and Prevention on Friday reversed controversial coronavirus testing guidance, which previously said that people who
0 Comments
Staff work at the Top Glove factory research and development lab in Shah Alam on the outskirts of Kuala Lumpur on August 26, 2020. MOHD RASFAN | AFP via Getty Images SINGAPORE — Malaysia’s Top Glove, the world’s largest medical glove maker, sees “very strong” growth ahead, according to the company’s managing director, Lee Kim Meow.
0 Comments
Chinese supporters rally outside Parliament House during the Beijing 2008 Olympic torch relay through Canberra, Australia on April 24, 2008. Torsten Blackwood | AFP | Getty Images SINGAPORE — Australia and China need to find common ground despite their differences, as the economic relationship between the two is an important one, said John Howard, former
0 Comments
Global deaths from Covid-19 are accelerating, as the worldwide death toll approaches 1 million. The World Health Organization reported deaths rose by 8% last week compared to the week before, with more than 40,600 fatalities recorded. The U.S., Brazil and India account for the largest shares of that cumulative total, with the U.S. alone accounting
0 Comments